Europe Roundup: Sterling holds near three-week high ahead of U.S. jobs data,European stocks slip, Gold firms, Oil rises on demand outlook, Gulf outages-September 3rd,2021
Europe Roundup: Euro dips ahead of Thursday’s ECB meeting, European stocks gain, Gold steadies, Oil down after deep Saudi price cuts spur demand concerns-September 6th,2021
America’s Roundup: Dollar dips on weak U.S. jobs growth, Wall Street mixed, Gold climbs, Oil slips as COVID variant weighs on U.S. jobs-September 4th,2021
Europe Roundup: Sterling steadies against dollar, European stocks gain, Gold little changed, Oil price climbs before OPEC+ policy meeting-September 1st,2021
America’s Roundup: Dollar drops with US yields, euro buoyed as ECB trims emergency support, Wall Street closes down, Gold gains, Oil dives late, hit by China supply plan, U.S. bond auction-10th Sepember,2021
Europe Roundup: Sterling dips as traders assess inflation impact, European shares gain,Gold dips, Oil holds above $75 as U.S. inventory drop supports-September 16th,2021
Europe Roundup:Euro inches higher in run-up to ECB verdict, European shares dips,Gold rises, Oil prices firm as U.S. output struggles after storm-September 9th,2021
America’s Roundup: Dollar extends gains, Wall Street ends lower, Gold hits two-week low, Oil settles up 1% on low U.S. output after hurricane, Oil settles up 1% on low U.S. output after hurricane-September 9th,2021
Europe Roundup: Sterling slips ahead of vote on new UK tax, European stocks fall, Gold edge higher, Oil climbs on slow U.S. supply return after Hurricane Ida-September 8th,2021
Europe Roundup; Sterling steadies near 5-week highs against dollar, European shares dips,Gold little changed, Oil hits 6-week high as U.S. Gulf braces for another hurricane-September 14th,2021
America’s Roundup: Dollar turns negative on inflation data, Wall street dips,Gold climbs, Oil settles unchanged as latest storm spares U.S. energy sector-September 15th,2021
Europe Roundup: Euro dips as safety flows extend dollar rally ahead of Fed, European shares slide,Gold little changed, Oil falls below $75 on risk-averse mood, U.S. Gulf output-September 20th,2021
America’s Roundup: Dollar index climbs after U.S. retail sales show surprise rebound ,Wall Street slips, Gold slides, Oil prices steady as U.S. storm threat wanes-September 17th,2021
Europe Roundup: Sterling dips against dollar after retail sales data, European shares dips, Gold recoups some losses, Oil holds above $75 as storm-hit U.S. supply returns slowly-September 17th,2021
America’s Roundup: Dollar brushes aside jobs report losses, Gold eases, Oil falls after Saudi price cuts-September 7th,2021
America’s Roundup: Dollar eases ahead US payrolls data, Wall Street ends higher, Gold eases,Oil rises on economic recovery hopes, weaker dollar-September 3rd,2021
Europe Roundup: Sterling holds firm after UK COVID-19 infections drop, European stocks rise, Gold gains,Oil rises to $75 as U.S. inventory drop counters virus worry-July 28th,2021
•German Jun Import Price Index (YoY) 12.9%,12.6% forecast, 11.8% previous
•UK July Nationwide HPI (YoY) 10.5%,12.1% forecast, 13.4% previous
•UK July Nationwide HPI (MoM) -0.5%,0.6% forecast, 0.7% previous
•German Aug GfK German Consumer Climate -0.3, 1.0 forecast, -0.3 previous
•French Jul Consumer Confidence 101, 102 forecast, 102 previous
•Sweden Jun Retail Sales (YoY) 8.5%, 10.3% previous
•Italian Jul Consumer Confidence 116.6, 115.5 forecast, 115.1 previous
Looking Ahead –Economic Data (GMT)
•12:30 Canada Trimmed CPI (YoY) 2.7% previous
•12:30 Canada Median CPI (YoY) 2.4% previous
•12:30 Canada Common CPI (YoY) 1.8% previous
•12:30 US Wholesale Inventories (MoM) 1.3% previous
•12:30 Canada Jun CPI (MoM) 0.4% forecast, 0.5% previous
•12:30 US Jun Goods Trade Balance -88.16B previous
•12:30 US Jun Retail Inventories Ex Auto 0.9% previous
•12:30 US Jun Core CPI (MoM) 0.4% forecast, 0.4% previous
•12:30 US CPI (YoY) 3.2% forecast, 3.6% previous
•12:30 US Core CPI (YoY) 2.4% forecast,2.8% previous
•14:30 US Gasoline Inventories -0.916M forecast, -0.121M previous
•14:30 US Crude Oil Inventories- 2.928M forecast, 2.108M previous
•18:00 US Fed Interest Rate Decision 0.25% forecast, 0.25% previous
Looking Ahead - Events, Other Releases (GMT)
•18:00 US FOMC Statement
•18:30 US FOMC Press Conference
EUR/USD: The euro was little changed on Wednesday as investors await a statement from the Fed policy meeting and a press conference by Fed chair Jerome Powell due tonight for clues on the timing of stimulus tapering. The Fed’s policy statement is due at 1800 GMT on Wednesday, followed by a news conference by Chairman Jerome Powell. The euro was down 0.02% against the dollar at 10:32 GMT, at $1.1812. Immediate resistance can be seen at 1.1822(38.2%fib), an upside break can trigger rise towards 1.1881 (50% fib).On the downside, immediate support is seen at 1.1754 (23.6% fib), a break below could take the pair towards 1.1726 (Lower BB).
GBP/USD: Sterling held firm against dollar on Wednesday despite broader tone of risk aversion in currency markets ahead of a U.S. Federal Reserve meeting. The pound was an outlier, mostly holding on to its recent gains. It saw a sudden surge on Tuesday around the time at which daily foreign exchange benchmarks are calculated. At 0808 GMT on Wednesday, the pound was at $1.3869, close to its highest in 13 days. Immediate resistance can be seen at 1.3900 (Daily high),an upside break can trigger rise towards 1.3951(23.6%fib).On the downside, immediate support is seen at 1.3850 (50%fib), a break below could take the pair towards 1.3817 (5DMA).
USD/CHF: The dollar little changed against the Swiss franc on Wednesday as traders reluctant to place large bets ahead of the outcome of the Federal Reserve meeting. The statement from the Fed policy meeting, and a press conference from chairman Jerome Powell are due at 2 p.m. EDT (1800 GMT).Markets will be watching closely for any hints in relation to inflation, economic growth, interest rates and when the Fed will likely start reducing its purchases of government bonds. At (GMT 10:32), greenback dipped 0.001% versus the Swiss franc to 0.9142. Immediate resistance can be seen at 0.9143 (5DMA), an upside break can trigger rise towards 0.9186 (38.2%fib).On the downside, immediate support is seen at 0.9129(50%fib), a break below could take the pair towards 0.9000 (Psychological level).
USD/JPY: The dollar edged higher against the Japanese yen on Wednesday as investors were waiting for outcome of a U.S. Federal Reserve meeting. The dollar has enjoyed a month-long rally after a hawkish shift from the Fed in June. Markets are waiting to see whether the Fed will provide any clues on the timing of tapering later in the day amid surging U.S. inflation. At 10:32 GMT, the dollar was trading 0.18 percent lower versus the yen at 109.96.Strong resistance can be seen at 110.01(38.2%fib), an upside break can trigger rise towards 110.14 (5DMA).On the downside, immediate support is seen at 109.70 (50%fib), a break below could take the pair towards 109.39(61.8%fib).
European stocks gained on Wednesday as encouraging earnings reports from British bank Barclays and luxury group Kering helped investors look past worries about China’s regulatory crackdown that kept markets on edge this week.
At (GMT 10:35),UK's benchmark FTSE 100 was last trading up at 0.24 percent, Germany's Dax was up by 0.22 percent, France’s CAC was last up by 0.76 percent.
Gold prices held steady near the key $1,800-per-ounce level on Wednesday as investors held back from making large bets ahead of a U.S. Federal Reserve policy decision due later in the day.
Spot gold was up 0.1% at $1,800.40 per ounce, as of 0857 GMT. U.S. gold futures were steady at $1,798.90.
Oil rose to around $75 a barrel on Wednesday ahead of an industry report expected to show U.S. crude inventories fell more than expected, bringing the focus back to a tight supply and demand balance rather than rising coronavirus infections.
Brent crude rose 57 cents, or 0.8%, to $75.05 a barrel at 0950 GMT, after posting on Tuesday its first decline in six days. U.S. West Texas Intermediate (WTI) crude advanced 79 cents, or 1.1%, to $72.44.